CTD has been rallying since the huge drop it experienced during the pandemic and it seems that it needs a breather before the upswing continues. CTD has been in an uptrend forming higher highs and higher lows but now we are expecting the current pullback to be deeper because of the Bearish Divergence on MACD and the Bullish Momentum getting weak. We are expecting price to come down to its Support Level (also the Trendline Support Level) between $14.55 - $15.25 zone. This could be a zone where we expect CTD to find buyers and take price higher.
We will be monitoring the Price Action closely once it find support and will update accordingly.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
We will be monitoring the Price Action closely once it find support and will update accordingly.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.